Shengfeng Development Limited (NASDAQ:SFWL) Sees Large Increase in Short Interest

Shengfeng Development Limited (NASDAQ:SFWL) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 73,627 shares, a growth of 70.3% from the August 15th total of 43,244 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 5,896 shares, the short-interest ratio is presently 12.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Shengfeng Development Stock Performance

Shares of SFWL traded down $0.10 during mid-day trading on Friday, reaching $8.90. The company had a trading volume of 1,386 shares, compared to its average volume of 4,545. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.32. The firm has a 50-day moving average price of $12.31 and a 200 day moving average price of $13.24. Shengfeng Development has a 52 week low of $7.82 and a 52 week high of $18.00.

Shengfeng Development (NASDAQ:SFWL) last posted its quarterly earnings data on Tuesday, September 15th. The company reported $0.59 earnings per share for the quarter. The company had revenue of $155.89 million for the quarter.

Shengfeng Development Company Profile

Shengfeng Development Limited is a China-based logistics company that provides freight transportation and related supply-chain services. Through its operating subsidiaries, the company supports the movement and management of goods for business customers across China.

Its services include less-than-truckload and full-truckload transportation, warehousing, freight forwarding, and other logistics and supply-chain solutions. The company also provides value-added services designed to coordinate transportation, storage, distribution, and related logistics activities.

Shengfeng Development was established in 2001 and is headquartered in Fuzhou, Fujian Province, China.